Celestino Brunetti
Italy
5m
Dear investors, copiers, and followers, September was marked by events and news that had a significant impact on the markets and growth outlook. In particular, I am referring to macroeconomic developments related to labor market data and inflation trends. As we know, the current policy of the Federal Reserve has gradually shifted from focusing mainly on inflation to paying greater attention to the labor market. Earlier this year, faced with a slight slowdown in employment, a cycle of three rate cuts was expected, one of which has already been implemented. However, recent signs indicate a recovery in the labor market, which could lead the Fed to reconsider its next moves, especially given that inflation remains stable but still above target. So, what can we expect going forward? It will be essential to closely monitor macroeconomic data to assess whether the combined evolution of the labor market and inflation will allow for further rate cuts. Such a decision would undoubtedly have a significant impact, potentially influencing the U.S. dollar’s trajectory. Ad maiora
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